Bank of America's Options: A Look at What the Big Money is Thinking
Portfolio Pulse from Benzinga Insights
Bank of America (NYSE:BAC) has seen significant options trading activity, with a bullish sentiment from the majority of investors. Analysis of 10 trades shows 60% bullish and 40% bearish expectations. Notable options activity includes a mix of calls and puts with varying sentiments and strike prices ranging from $25.0 to $34.0. The company, a major financial institution in the U.S., is currently trading at $33.08 with a neutral RSI. Analysts have set an average price target of $41.98, with ratings ranging from Market Perform to Overweight.
February 07, 2024 | 4:31 pm
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POSITIVE IMPACT
Bank of America's bullish options trading and analyst ratings suggest a positive short-term outlook. The stock is currently neutral but has a higher average price target set by analysts.
The bullish sentiment in options trading, combined with positive analyst ratings and a neutral RSI, indicates a potential for short-term price increase. The average price target of $41.98 by analysts further supports this outlook, suggesting that BAC's current trading price of $33.08 has room for growth.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100